Appendix 4D Half year report

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01/01/2012 Appendix 4D Page 1

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DAN/AND

UNTUK PERIODE ENAM BULAN YANG BERAKHIR

30 JUNI 2021 DAN 2020/

FOR THE SIX-MONTH PERIODS ENDED

30 JUNE 2021 AND 2020

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Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 4 5,121,913,930 3,984,387,647 Cash and cash equivalents

Piutang usaha, bersih 5 Trade receivables, net

- Pihak ketiga 849,740,804 1,310,425,778 Third parties -

- Pihak berelasi 260,727,959 33,769,886 Related parties -

Persediaan, bersih 6 2,773,674,991 2,626,022,280 Inventories, net

Piutang lain-lain, bersih 7 470,020,287 468,785,582 Other receivables, net

Pajak dibayar di muka 16a Prepaid taxes

- Pajak lain-lain 181,177,768 232,882,331 Other taxes -

- Pajak penghasilan badan 11,711,696 232,759,780 Corporate income taxes -

Biaya dibayar di muka 135,441,136 9,188,532 Prepaid expenses

Aset lancar lain-lain 104,856,187 252,292,623 Other current assets

Jumlah aset lancar 9,909,264,758 9,150,514,439 Total current assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Kas yang dibatasi penggunaannya 8 163,184,729 144,303,791 Restricted cash

Investasi pada entitas

asosiasi, bersih 9 1,367,772,150 1,071,954,072 Investments in associates, net

Aset tetap, bersih 10 17,904,409,865 18,248,068,325 Fixed assets, net

Properti pertambangan, bersih 11 699,419,276 717,278,245 Mining properties, net

Aset eksplorasi dan evaluasi, bersih 12 646,009,721 672,919,983 Exploration and evaluation assets, net

Aset takberwujud, bersih 48,696,586 46,926,785 Intangible assets, net

Pajak dibayar di muka 16a Prepaid taxes

- Pajak lain-lain 513,503,979 650,802,246 Other taxes -

- Pajak penghasilan badan 397,330,127 394,841,656 Corporate income taxes -

Goodwill 13 68,336,044 68,336,044 Goodwill

Aset pajak tangguhan 16d 182,828,284 173,374,046 Deferred tax assets

Aset tidak lancar lain-lain 389,427,427 390,193,363 Other non-current assets

Jumlah aset tidak lancar 22,380,918,188 22,578,998,556 Total non-current assets

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LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha 14 917,605,672 672,748,000 Trade payables

Beban akrual 15 675,819,499 624,041,521 Accrued expenses

Liabilitas imbalan karyawan Short-term employee

jangka pendek 323,271,865 154,677,604 benefit liabilities

Uang muka pelanggan 507,425,344 651,172,381 Advances from customers

Liabilitas derivatif 950,700 10,292,720 Derivative liability

Utang pajak 16b Taxes payable

- Pajak penghasilan badan 216,769,550 308,886,385 Corporate income taxes -

- Pajak lain-lain 157,642,193 147,038,855 Other taxes -

Liabilitas sewa,

bagian jangka pendek 20 66,305,093 72,973,640 Lease liabilities, current portion

Pinjaman bank jangka pendek 17 1,088,200,000 1,071,875,750 Short-term bank loans

Utang obligasi 18 2,099,629,092 2,099,241,179 Bonds payable

Pinjaman investasi,

bagian jangka pendek 19 1,084,275,066 1,033,259,037 Investment loans, current portion

Provisi reklamasi dan pascatambang, Provision for reclamation and

bagian jangka pendek 21 51,971,547 50,909,272 mine closure, current portion

Utang lain-lain 25 667,828,052 656,144,957 Other payables

Jumlah liabilitas jangka pendek 7,857,693,673 7,553,261,301 Total current liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Liabilitas sewa, setelah dikurangi Lease liabilities,

bagian jangka pendek 20 79,907,906 87,795,767 net of current portion

Pinjaman investasi,

setelah dikurangi bagian Investment loans,

jangka pendek 19 2,803,181,784 3,387,656,839 net of current portion

Provisi reklamasi dan pascatambang, Provision for reclamation and

setelah dikurangi bagian mine closure, net of

jangka pendek 21 723,852,841 721,588,145 current portion

Provisi imbalan pascakerja 31 968,120,054 917,136,692 Provision for post-employment benefits

Liabilitas jangka panjang lainnya 22,079,448 22,625,226 Other non-current liabilities

Jumlah liabilitas jangka panjang 4,597,142,033 5,136,802,669 Total non-current liabilities

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EKUITAS EQUITY

EKUITAS YANG DAPAT

DIATRIBUSIKAN KEPADA EQUITY ATTRIBUTABLE

PEMILIK ENTITAS INDUK TO OWNERS OF THE PARENT

Modal saham Share capital

Modal dasar - 1 saham preferen Authorised capital - 1 preferred

seri A Dwiwarna dan series A Dwiwarna share and

37.999.999.999 saham biasa 37,999,999,999 series B ordinary

seri B; Modal ditempatkan dan shares; Issued and fully paid capital

disetor penuh - 1 saham preferen - 1 preferred series A Dwiwarna

seri A Dwiwarna dan share and 24,030,764,724

24.030.764.724 saham biasa series B ordinary shares

seri B dengan nilai nominal with a par value of Rp100

Rp100 (nilai penuh) per saham 22 2,403,076,473 2,403,076,473 (full amount) per share

Tambahan modal disetor 22 3,934,833,124 3,934,833,124 Additional paid-in capital

Komponen ekuitas lainnya Other equity components

- Selisih kurs karena penjabaran Difference in foreign -

laporan keuangan 1,259,924,324 1,173,425,054 currency translation

- Surplus revaluasi aset 2,742,029,584 2,742,029,584 Asset revaluation surplus -

Saldo laba Retained earnings

- Ditentukan penggunaannya 23 480,615,295 480,615,295 Appropriated -

- Belum ditentukan penggunaannya 9,014,846,911 8,305,448,751 Unappropriated -

Jumlah ekuitas yang dapat

diatribusikan kepada pemilik Total equity attributable to

entitas induk 19,835,325,711 19,039,428,281 owners of the parent

Kepentingan nonpengendali 21,529 20,744 Non-controlling interests

JUMLAH EKUITAS 19,835,347,240 19,039,449,025 TOTAL EQUITY

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The accompanying notes to theconsolidated financial statements form an integral part of these consolidated financial statements

PENJUALAN 26 17,275,022,939 9,237,000,619 SALES

BEBAN POKOK PENJUALAN 27 (14,106,398,289) (7,923,897,596) COST OF GOODS SOLD

LABA KOTOR 3,168,624,650 1,313,103,023 GROSS PROFIT

BEBAN USAHA OPERATING EXPENSES

Umum dan administrasi 28 (1,177,637,801) (855,379,053) General and administrative

Penjualan dan pemasaran 28 (463,621,506) (176,072,674) Selling and marketing

Jumlah beban usaha (1,641,259,307) (1,031,451,727) Total operating expenses

LABA USAHA 1,527,365,343 281,651,296 OPERATING PROFIT

PENGHASILAN/(BEBAN) LAIN-LAIN OTHER INCOME/(EXPENSES)

Bagian keuntungan/(kerugian) Share of income/(loss)

entitas asosiasi 9 241,779,447 (25,897,938) of associates

Pendapatan keuangan 29 41,734,937 51,789,111 Finance income

Beban keuangan 29 (291,257,069) (432,403,403) Finance costs

Laba/(rugi) selisih kurs, bersih 135,251,261 (26,737,771) Gain/(loss) on foreign exchange, net

Penghasilan lain-lain, bersih 30 53,176,095 21,965,376 Other income, net

Penghasilan/(beban) lain-lain, bersih 180,684,671 (411,284,625) Other income/(expenses), net

LABA/(RUGI) SEBELUM PROFIT/(LOSS) BEFORE

PAJAK PENGHASILAN 1,708,050,014 (129,633,329) INCOME TAX

Beban pajak penghasilan 16c (547,628,274) (29,772,687) Income tax expenses

LABA/(RUGI) PERIODE BERJALAN 1,160,421,740 (159,406,016) PROFIT/(LOSS) FOR THE PERIOD

RUGI KOMPREHENSIF LAIN OTHER COMPREHENSIVE LOSS

Pos yang tidak akan direklasifikasi Items that will not be reclassified

ke laba rugi: to profit or loss:

- Pengukuran kembali Remeasurement of provision -

provisi imbalan pascakerja 31 (39,894,055) (157,822,491) for post-employment benefits

- Dampak pajak pengukuran Tax effect on remeasurement -

kembali provisi of provision for

imbalan pascakerja 16d 8,776,692 34,720,948 post-employment benefits

- Bagian (kerugian)/penghasilan

komprehensif lain dari Share of other comprehensive -

entitas asosiasi 9 (17,631,951) 5,044,076 (loss)/income of associate

(48,749,314) (118,057,467)

Pos yang akan direklasifikasi Items that will be reclassified

ke laba rugi: to profit or loss:

- Penyesuaian penjabaran

laporan keuangan 86,499,270 40,686,073 Translation adjustments -

PENGHASILAN/(RUGI) KOMPREHENSIF OTHER COMPREHENSIVE INCOME/

LAIN, SETELAH PAJAK 37,749,956 (77,371,394) (LOSS), NET OF TAX

JUMLAH PENGHASILAN/(RUGI) TOTAL COMPREHENSIVE INCOME/

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The accompanying notes to theconsolidated financial statements form an integral part of these consolidated financial statements

Catatan/ 30 Juni/ 30 Juni/

Notes June 2021 June 2020

LABA/(RUGI) PERIODE

BERJALAN YANG DAPAT PROFIT/(LOSS) FOR THE PERIOD

DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:

Pemilik entitas induk 1,160,420,955 (159,405,555) Owners of the parent

Kepentingan nonpengendali 785 (461) Non-controlling interests

1,160,421,740 (159,406,016)

JUMLAH PENGHASILAN/(RUGI)

KOMPREHENSIF PERIODE TOTAL COMPREHENSIVE INCOME/

BERJALAN YANG DAPAT (LOSS) FOR THE PERIOD

DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:

Pemilik entitas induk 1,198,170,911 (236,776,949) Owners of the parent

Kepentingan nonpengendali 785 (461) Non-controlling interests

1,198,171,696 (236,777,410)

LABA/(RUGI) BERSIH PER SAHAM BASIC AND DILUTED EARNINGS/

DASAR DAN DILUSIAN YANG DAPAT (LOSS) PER SHARE ATTRIBUTABLE

DIATRIBUSIKAN KEPADA PEMILIK TO OWNERS OF THE PARENT

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The accompanying notes to the consolidated financial statements form an integral part of theseconsolidated financial statements

dan disetor modal laporan revaluasi Saldo laba/Retained earnings

penuh/ disetor/ keuangan/ aset/ Yang telah Yang belum Kepentingan Issued and Additional Difference in Asset ditentukan ditentukan nonpengendali/

Catatan/ fully paid paid-in foreign currency revaluation penggunaannya/ penggunaannya/ Jumlah/ Non-controlling Jumlah ekuitas/

Notes capital capital translation surplus Appropriated Unappropriated* Total interest Total equity

Saldo per 1 Januari 2020 2,403,076,473 3,934,833,124 1,140,684,112 2,742,029,584 480,615,295 7,432,160,733 18,133,399,321 19,854 18,133,419,175 Balance as at 1 January 2020

Rugi periode berjalan - - - (159,405,555) (159,405,555) (461) (159,406,016) Loss for the period

Dividen 24 - - - (67,847,902) (67,847,902) - (67,847,902) Dividends

Rugi komprehensif lain, Other comprehensive

setelah pajak: loss, net of tax:

Pengukuran kembali Remeasurements of

provisi imbalan provision for

pascakerja - - - (123,101,543) (123,101,543) - (123,101,543) post-employment benefits

Bagian penghasilan komprehensif Share of other comprehensive

lain dari entitas asosiasi - - - 5,044,076 5,044,076 - 5,044,076 income of associates

Penyesuaian penjabaran

laporan keuangan - - 40,686,073 - - - 40,686,073 - 40,686,073 Translation adjustments

Saldo per 30 Juni 2020 2,403,076,473 3,934,833,124 1,181,370,185 2,742,029,584 480,615,295 7,086,849,809 17,828,774,470 19,393 17,828,793,863 Balance as at 30 June 2020

Saldo per 1 Januari 2021 2,403,076,473 3,934,833,124 1,173,425,054 2,742,029,584 480,615,295 8,305,448,751 19,039,428,281 20,744 19,039,449,025 Balance as at 1 January 2021

Laba periode berjalan - - - 1,160,420,955 1,160,420,955 785 1,160,421,740 Profit for the period

Dividen 24 - - - (402,273,481) (402,273,481) - (402,273,481) Dividends

Penghasilan/(rugi) Other comprehensive

komprehensif lain, setelah pajak: income/(loss), net of tax:

Pengukuran kembali Remeasurements of

provisi imbalan provision for

pascakerja - - - (31,117,363) (31,117,363) - (31,117,363) post-employment benefits

Bagian rugi komprehensif Share of other comprehensive

lain dari entitas asosiasi 9 - - - (17,631,951) (17,631,951) - (17,631,951) loss of associates

Penyesuaian penjabaran

laporan keuangan - - 86,499,270 - - - 86,499,270 - 86,499,270 Translation adjustments

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The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

OPERASI OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 17,364,348,965 9,708,070,946 Cash receipts from customers

Pembayaran kepada pemasok (13,276,866,268) (8,315,065,103) Payments to suppliers

Pembayaran kepada komisaris, Payments to commissioners,

direksi dan karyawan (906,300,632) (741,122,701) directors and employees

Pembayaran pajak penghasilan badan (593,691,670) (87,542,981) Payments of corporate income tax

Pembayaran pajak dan retribusi (311,849,981) (249,756,243) Payments of tax and retribution

Penerimaan kas dari restitusi Cash receipt from

pajak penghasilan badan 112,069,157 - corporate income tax

Penerimaan kas dari restitusi pajak lainnya 274,755,022 - Cash receipt from other taxes restitution

Penerimaan bunga 38,603,935 40,323,412 Cash receipts from interest income

Penerimaan dari klaim asuransi 47,165,065 - Cash receipts from insurance claims

Pembayaran premi asuransi (167,132,376) - Payments for insurance premiums

Pembayaran bunga (158,737,981) (208,083,845) Payments of interests

Pembayaran lain-lain, bersih (18,880,933) (5,396,560) Other payments, net

Arus kas bersih yang diperoleh Net cash provided from

dari aktivitas operasi 2,403,482,303 141,426,925 operating activities

INVESTASI INVESTING ACTIVITIES

Perolehan aset tetap (211,446,064) (168,273,908) Acquisitions of fixed assets

Pengeluaran untuk aset eksplorasi Disbursements for exploration and

dan evaluasi (19,328,249) (44,871,696) evaluation assets

Pengeluaran aset takberwujud (8,906,684) (5,265,669) Disbursements for intangible assets

Peningkatan investasi saham (48,951,000) - Increase in investment in shares

Penerimaan dari utang lain-lain - 53,632,217 Receipts from other payables

Penerimaan dari pengalihan aset - 7,173,077 Receipt form transfer of assets

Arus kas bersih yang digunakan Net cash used in

untuk aktivitas investasi (288,631,997) (157,605,979) investing activities

PENDANAAN FINANCING ACTIVITIES

Penerimaan pinjaman bank 775,961,987 1,682,177,291 Proceeds from bank loans

Pembayaran pinjaman bank (789,096,937) (1,974,308,591) Repayments of bank loans

Pembayaran pinjaman investasi (616,308,012) (236,150,880) Repayments of investment loans

Pembayaran liabilitas sewa (14,556,408) (34,109,600) Payments of lease liabilities

Pembayaran dividen (402,273,481) - Dividend payments

Arus kas bersih yang digunakan Net cash used in

untuk aktivitas pendanaan (1,046,272,851) (562,391,780) financing activities

KENAIKAN/(PENURUNAN) BERSIH NET INCREASE/(DECREASE) IN

KAS DAN SETARA KAS 1,068,577,455 (578,570,834) CASH AND CASH EQUIVALENTS

EFFECT OF FOREIGN EXCHANGE

EFEK PERUBAHAN NILAI KURS 68,948,828 (51,402,350) RATE DIFFERENCES ON CASH

PADA KAS DAN SETARA KAS AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

PADA AWAL PERIODE 3,984,387,647 3,636,243,080 AT THE BEGINNING OF THE PERIOD

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

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a. Pendirian dan informasi lainnya a. Establishment and other information

PT Aneka Tambang Tbk atau disingkat PT ANTAM Tbk (“Perusahaan”) didirikan dengan nama “Perusahaan Negara (“PN”) Aneka Tambang” di Republik Indonesia pada tanggal 5 Juli 1968 berdasarkan Peraturan Pemerintah (“PP”) No. 22 Tahun 1968 tentang Pendirian Perusahaan Negara Aneka Tambang. Pendirian tersebut diumumkan dalam Tambahan No. 36, Berita Negara No. 56 tanggal 5 Juli 1968. Pada tanggal 14 September 1974, berdasarkan PP No. 26 Tahun 1974, status Perusahaan diubah dari PN menjadi Perusahaan Perseroan Terbatas (“Perusahaan Perseroan”) berdasarkan Akta

Pendirian No. 320 tanggal

30 Desember 1974. Pada tanggal 29 November 2017, berdasarkan berita acara Rapat Umum Pemegang Saham Luar Biasa (“RUPSLB”), status Perusahaan diubah kembali menjadi perseroan terbatas dan sejak saat itu dikenal sebagai “PT Aneka Tambang Tbk”.

PT Aneka Tambang Tbk or abbreviated as PT ANTAM Tbk (the “Company”) was established as “Perusahaan Negara (“PN”) Aneka Tambang” in the Republic of Indonesia on 5 July 1968, based on Government Regulation (“GR”) No. 22 of 1968 on the Establishment of Perusahaan Negara Aneka Tambang. The establishment was published in Supplement No. 36 of the State Gazette No. 56 dated 5 July 1968. On 14 September 1974, based on GR No. 26 of 1974, the status of the Company was changed from PN to a State-owned Limited Liability Company (“Perusahaan Perseroan”) based on Deed of Incorporation No. 320 dated 30 December 1974. On 29 November 2017, based on the minutes of the Extraordinary General Meeting of Shareholders (“EGMS”), the status of the Company was changed to a limited liability company and since then the Company has been known as “PT Aneka Tambang Tbk”.

Anggaran Dasar (“AD”) Perusahaan telah mengalami beberapa kali perubahan. Perubahan terakhir terjadi pada tanggal 4 Mei 2021 sehubungan dengan perubahan susunan dan nomenklatur jabatan Direksi Perusahaan. Perubahan ini dituangkan dalam Akta Notaris No. 14 tertanggal 4 Mei 2021 oleh Jose Dima Satria, S.H., M.Kn. dan disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Keputusan (“SK”) No. AHU-AH.01.03-0307338 tanggal 12 Mei 2021

The Company’s Articles of Association (“AoA”) have been amended several times. The latest amendment was on 4 May 2021 with respect to changes in the composition and nomenclature of the Company’s Board of Directors. These changes were stated in the Notarial Deed No. 14 dated 4 May 2021, of Jose Dima Satria, S.H., M.Kn. and were approved by the Minister of Law and Human Rights of the Republic of Indonesia, based on the Decision Letter (“SK”) No. AHU-AH.01.03-0307338 dated 12 May 2021.

Berdasarkan Pasal 3 AD Perusahaan, Perusahaan bergerak di bidang pertambangan berbagai jenis bahan galian, dan menjalankan usaha di bidang industri, perdagangan, pengangkutan dan jasa sektor pertambangan. Perusahaan mulai beroperasi secara komersial pada tanggal 5 Juli 1968.

According to Article 3 of the Company’s AoA, the Company is engaged in the business of mining of various types of minerals, and of mining-related industry, trade, transportation and mining sector services. The Company commenced its commercial operations on 5 July 1968.

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a. Pendirian dan informasi lainnya (lanjutan) a. Establishment and other information

(continued) Pada tahun 1997, Perusahaan melakukan

penawaran saham perdana kepada

masyarakat sebanyak 430.769.000 saham yang merupakan 35% dari 1.230.769.000 saham ditempatkan dan disetor penuh. Oleh karena itu, nama Perusahaan berubah menjadi “PT Aneka Tambang (Persero) Tbk” berdasarkan Akta No. 48 tanggal 15 September 1997. Penawaran saham kepada masyarakat tersebut dicatat di Bursa Efek Jakarta dan Bursa Efek Surabaya pada tanggal 27 November 1997. Pada tahun 2008, kedua bursa tersebut digabung menjadi Bursa Efek Indonesia (“IDX”).

In 1997, the Company conducted an Initial Public Offering (“IPO”) of 430,769,000 shares or 35% of its 1,230,769,000 issued and fully paid shares. Accordingly, the Company's name changed to "PT Aneka Tambang (Persero) Tbk" based on Deed No. 48 dated 15 September 1997. The shares offered to the public during the IPO were listed on the former Jakarta Stock Exchange and Surabaya Stock Exchange on 27 November 1997. In 2008, these stock exchanges were merged to become the Indonesia Stock Exchange (“IDX”).

Pada tanggal 7 Oktober 2015, Perusahaan melakukan Penawaran Umum Terbatas (“PUT I”) kepada para pemegang saham Perusahaan dalam rangka penerbitan Hak Memesan Efek Terlebih Dahulu (“HMETD”) dimana

Perusahaan menawarkan sejumlah

14.492.304.975 saham biasa atas nama Seri B dengan nilai nominal Rp100 (nilai penuh) per saham atau sebanyak-banyaknya 60% (enam puluh persen) dari modal ditempatkan dan disetor penuh setelah PUT I.

On 7 October 2015, the Company conducted a Limited Public Offering (the “Rights Issue”) to the shareholders of the Company in the Framework of an Issuance of Preemptive Rights (“IPR”) where the Company offered up to 14,492,304,975 newly issued Series B common shares with a par value of Rp100 (full amount) per share or up to 60% (sixty percent) of the Company’s issued and fully paid capital after the Rights Issue.

Dalam PUT I tersebut, Pemerintah Republik Indonesia melaksanakan seluruh HMETD-nya

dan menyetorkan dana sebesar

Rp3.494.820.000 untuk mendapatkan saham biasa Seri B sejumlah 9.420.000.000 lembar. Sisa saham sejumlah 5.072.304.975 lembar telah diserap penuh oleh Pemegang Saham Publik dan memberikan tambahan modal sebesar Rp1.881.825.146. Komposisi kepemilikan modal yang ditempatkan dan disetor penuh Perseroan pada akhir pelaksanaan PUT I Perseroan adalah Pemerintah Republik Indonesia (65%) dan Pemegang Saham Publik (35%).

During the Rights Issue, the Government of the Republic of Indonesia exercised all of its Preemptive Rights and injected Rp3,494,820,000 to obtain 9,420,000,000 Series B common shares. The remaining 5,072,304,975 shares were fully absorbed by Public Shareholders and generated additional capital of Rp1,881,825,146. The composition of the ownership of the Company’s issued and fully paid capital as at the completion of the Rights Issue is the Government of the Republic of Indonesia (65%) and the Public Shareholders (35%).

Pada tanggal 29 November 2017, Perusahaan mengadakan RUPSLB terkait perubahan kepemilikan saham dari Pemerintah Republik Indonesia menjadi PT Indonesia Asahan Aluminium (Persero) (“Inalum”). Komposisi kepemilikan modal yang ditempatkan dan disetor penuh Perusahaan pada tanggal 30 Juni 2020 adalah Inalum (65%) dan pemegang saham publik (35%).

On 29 November 2017, the Company held an EGMS regarding changes in ownership from the Government of the Republic of Indonesia to PT Indonesia Asahan Aluminium (Persero) (“Inalum”). The composition of the ownership of the Company’s issued and fully paid capital as at 30 June 2020, is Inalum (65%) and public shareholders (35%).

Entitas induk langsung dan utama Perusahaan adalah Inalum, perusahaan yang didirikan di Indonesia dan dikendalikan oleh Pemerintah Republik Indonesia.

The Company’s immediate and ultimate parent company is Inalum, a company incorporated in Indonesia and controlled by the Government of the Republic of Indonesia.

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(continued) Pada tanggal 30 Juni 2021 dan 31 Desember

2020, semua saham ditempatkan dan disetor penuh sejumlah 24.030.764.725 lembar saham telah dicatat di IDX.

As at 30 June 2021 and 31 December 2020, all of the Company’s issued and fully paid shares of 24,030,764,725 shares were listed on the IDX.

Pada tahun 2002, saham Perusahaan dicatatkan di Bursa Efek Australia (“BEA”) sebagai Chess Depository Interests (“CDI”). Pada tanggal 30 Juni 2021 dan 31 Desember 2020, unit yang diperdagangkan di BEA adalah sejumlah 1.303.649 unit CDI yang merupakan 6.518.245 saham biasa Seri B.

In 2002, the Company’s shares were listed on the Australian Securities Exchange (“ASX”) where its shares have been traded as Chess Depository Interests (“CDI”). As at 30 June 2021 and 31 December 2020, a total of 1,303,649 CDI units were traded on the ASX representing 6,518,245 Series B common shares.

Kantor pusat Perusahaan berlokasi di Gedung Aneka Tambang, Jl. Letjen T.B. Simatupang No. 1, Lingkar Selatan, Tanjung Barat, Jakarta, Indonesia. Grup memiliki Izin Usaha Pertambangan (“IUP”) di berbagai lokasi di Indonesia.

The Company’s head office is located in Gedung Aneka Tambang, Jl. Letjen T.B. Simatupang No. 1, Lingkar Selatan, Tanjung Barat, Jakarta, Indonesia. The Group has Mining Business Permits (“IUP”) in several locations in Indonesia.

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 30 Juni 2021 adalah sebagai berikut:

The composition of the Company’s Boards of Commissioners and Directors as at 30 June 2021 was as follows:

Dewan Komisaris Board of Commissioners

Komisaris Utama Letnan Jenderal TNI (Purn.) Agus Surya Bakti, M.I.Kom. President Commissioner

Komisaris Independen Prof. Dr. der Soz. Gumilar Rusliwa Somantri Independent Commissioners

Ir. Anang Sri Kusuwardono

Komisaris Arif Baharudin, S.E., M.B.A., C.A. Commissioners

Dr. Ir. Dadan Kusdiana, M.Sc.

Komjen. Pol. Drs. Bambang Sunarwibowo, S.H., M.Hum.

Direksi Board of Directors

Direktur Utama Dana Amin President Director

Direktur Anton Herdianto, S.E., Ak., M.Si. Directors

Luki Setiawan Suardi Risono, S.T.

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2020 adalah sebagai berikut:

The composition of the Company’s Boards of Commissioners and Directors as at 31 December 2020, is as follows:

Dewan Komisaris Board of Commissioners

Komisaris Utama Letnan Jenderal TNI (Purn.) Agus Surya Bakti, M.I.Kom. President Commissioner

Komisaris Independen Prof. Dr. der Soz. Gumilar Rusliwa Somantri Independent Commissioners

Ir. Anang Sri Kusuwardono

Komisaris Arif Baharudin, S.E., M.B.A., C.A. Commissioners

Dr. Ir. Dadan Kusdiana, M.Sc.

Komjen. Pol. Drs. Bambang Sunarwibowo, S.H., M.Hum.

Direksi Board of Directors

Direktur Utama Dana Amin President Director

Direktur Anton Herdianto, S.E., Ak., M.Si. Directors

Risono, S.T.

Aprilandi Hidayat Setia, S.T., M.M., M.B.A. Hartono, S.T., M.Si.

(21)

(continued) Susunan Komite Audit Perusahaan pada

tanggal 30 Juni 2021 dan 31 Desember 2020 adalah sebagai berikut:

The composition of the Company’s Audit Committee as at 30 June 2021 and 31 December 2020 was as follows:

Ketua Prof. Dr. der Soz. Gumilar Rusliwa Somantri Chairman

Wakil Ketua Komjen. Pol. Drs. Bambang Sunarwibowo, S.H., M.Hum. Vice Chairman

Anggota Drs. Mursyid Amal, M.M. Members

Sahid Junaidi, S.Kom, M.M.

Pada tanggal 30 Juni 2021 dan 31 Desember 2020, Grup mempunyai masing-masing 4.257 dan 4.128 orang karyawan (tidak diaudit).

As at 30 June 2021 and 31 December 2020, the Group had 4,257 and 4,128 employees, respectively (unaudited).

b. Entitas anak b. Subsidiaries

Grup mengkonsolidasikan entitas anak berikut di mana Grup memiliki pengendalian:

The Group consolidates the following subsidiaries over which the Group has control:

Mulai

beroperasi komersial/

Persentase kepemilikan/ Start of Jumlah aset sebelum eliminasi/

Entitas anak/ Domisili/ Jenis usaha/ Percentage of ownership commercial Total assets before elimination Subsidiaries Domicile Nature of business 2021 2020 operations 2021 2020 Kepemilikan langsung/Direct ownership:

1. Asia Pacific Nickel

Pty., Ltd. (“APN”) Australia Perusahaan investasi/ Investment company

100.00% 100.00% 2003 983,037,812 719,863,612

2. PT Indonesia Coal Resources (“ICR”)

Indonesia Perdagangan, transportasi dan jasa tambang batubara/

Coal mining trade, transportation and services

100.00% 100.00% 2010 60,884,864 49,790,106

3. PT Antam Resourcindo (“ARI”)

Indonesia Eksplorasi dan operator tambang/ Mining exploration and operator 99.98% 99.98% 1997 149,743,717 153,053,786 4. PT Mega Citra Utama (“MCU”)*

Indonesia Konstruksi, perdagangan, perindustrian, pertanian

dan pertambangan/ Construction, trading, industry,

agriculture and mining

100.00% 100.00% - 56,025,076 59,315,057

5. PT Abuki Jaya Stainless Indonesia (“AJSI”)

Indonesia Perindustrian dan perdagangan/ Industry and trading 100.00% 100.00% - 9,987,036 9,668,278 6. PT Borneo Edo International (“BEI”)*

Indonesia Pembangunan, perdagangan, perindustrian, pertanian

dan pertambangan/ Construction, trading, industry,

agriculture and mining

100.00% 100.00% - 41,778,065 49,996,577

7. PT Dwimitra Enggang Khatulistiwa (“DEK”)*

Indonesia Eksplorasi dan operator tambang/ Mining exploration and operator

100.00% 100.00% - 1,789,546 3,176,849

(22)

b. Entitas anak (lanjutan) b. Subsidiaries (continued)

Mulai

beroperasi komersial/

Persentase kepemilikan/ Start of Jumlah aset sebelum eliminasi/

Entitas anak/ Domisili/ Jenis usaha/ Percentage of ownership commercial Total assets before elimination Subsidiaries Domicile Nature of business 2021 2020 operations 2021 2020 Kepemilikan langsung/Direct ownership:

8. PT Cibaliung Sumberdaya

(“CSD”)

Indonesia Eksplorasi, konstruksi dan pengembangan tambang, penambangan, produksi, pengolahan dan pemurnian, pengangkutan dan penjualan di

industri emas/ Exploration, construction and

mine development, mining, production, processing and refining, haulage and sales in the

gold mining industry

100.00% 100.00% 2010 102,453,670 114,478,933

9. PT Indonesia Chemical Alumina (“ICA”)

Indonesia Pengolahan dan pemurnian hasil tambang bauksit menjadi produk alumina, pengangkutan, perdagangan dan

pendistribusian produk alumina/ Production and refinery of bauxite

ore into alumina products, transportation, trade and distribution of alumina products

100.00% 100.00% 2010 3,777,138,878 4,036,864,074

Kepemilikan tidak langsung/Indirect ownership: 10. PT International

Mineral Capital (“IMC”)

Indonesia Jasa dan perdagangan/ Services and trading

100.00% 100.00% 2011 622,030,127 622,064,473

11. PT Borneo Edo International Agro (“BEIA”)*

Indonesia Perkebunan, perindustrian, pengangkutan hasil perkebunan,

perdagangan dan jasa/ Agriculture, industry, agricultural land transportation,

trading and services

100.00% 100.00% - 41,586 41,586

12. PT Kawasan Industri Antam Timur (“KIAT”)*

Indonesia Jasa manajemen kawasan industri/ Management service of industrial area 100.00% 100.00% - 43,822 43,822 13. PT Gag Nikel (“GAG”) (melalui APN/through APN)

Indonesia Eksplorasi dan operator tambang nikel/ Nickel mining exploration

and operator 100.00% 100.00% 2018 981,812,812 727,880,428 14. PT Citra Tobindo Sukses Perkasa (“CTSP”) (melalui ICR/through ICR)

Indonesia Eksplorasi dan operator tambang batubara/ Coal mining exploration

and operator 100.00% 100.00% 2011 54,888,761 43,504,531 15. PT Feni Haltim (“FHT”) (melalui IMC/through IMC) Indonesia Perdagangan, pembangunan dan jasa/

Trading, construction and services 100.00% 100.00% 2016 502,441,702 515,108,495 16. PT Gunung Kendaik (“GK”)* (melalui MCU/through MCU)

Indonesia Pembangunan, perdagangan, perindustrian, pertanian, pengangkutan darat, jasa, pertambangan dan percetakan/

Construction, trading, industry, agriculture, ground transportation,

services, mining and printing

100.00% 100.00% - 6,969,081 6,067,203

17. PT Nusa Karya Arindo (“NKA”) (melalui ARI/ through ARI)

Indonesia Jasa pertambangan mineral dan batubara/ Mineral and coal

mining service 100.00% 100.00% 2014 6,467,695 8,017,508 18. PT Sumberdaya Arindo (“SDA”) (melalui ARI/ through ARI)

Indonesia Jasa pertambangan mineral dan batubara/ Mineral and coal

mining service

100.00% 100.00% 2015 65,757,553 69,354,573

19. PT Borneo Edo Sejahtera (“BEST”)*

(melalui IMC dan BEI /through IMC and BEI)

Indonesia Jasa, perdagangan, dan perindustrian/

Services, trade and industry

100.00% 100.00% - 69,544 123,793

(23)

c. Wilayah eksplorasi dan eksploitasi c. Exploration and exploitation areas

Pada tanggal 30 Juni 2021, Grup memiliki wilayah eksplorasi dan eksploitasi yang tercakup dalam berbagai IUP:

As at 30 June 2021, the Group had the following exploration and exploitation areas covered by several IUPs:

Izin Usaha Cadangan (dalam ’000 ton)/ Sumber daya (dalam ’000 ton)/

Pertambangan/ IUP Operasi Reserves (in ’000 tons) Resources (in ’000 tons)

Mining Area (Ha) Produksi/ (tidak diaudit/unaudited) (tidak diaudit/unaudited)

Business Permits (tidak diaudit/ IUP Eksplorasi/ IUP Operation Terbukti/ Terkira/ Terukur/ Terkini/

Lokasi/Location (IUP) unaudited) IUP Exploration Production Proved Probable Measured Indicated

Milik Perusahaan/Owned by the Company: Batang Asai,

Sarolangun, Jambi*

KW.05 KP 010407 4,556 SK Kepala BKPM RI No. 164/I/IUP/PMDN/2020 berlaku sampai dengan/

valid until 29/3/2025*

- - - - -

Kec. Sungai Tenang, Merangin, Jambi*

184/ESDM/2010 9,690 SK Kepala BKPM RI No.

165/I/IUP/PMDN/2020 berlaku sampai dengan/

- - - - -

Desa Talang Tembago, Merangin, Jambi*

185/ESDM/2010 7,633 SK Kepala BKPM RI No.

166/I/IUP/PMDN/2020 berlaku sampai dengan/

- - - - -

Cibaliung, Pandeglang, Banten

KW 96PP019 5,302 - SK Bupati Pandeglang No.

541.23/Kep.747-BPPT/2013 berlaku sampai dengan/

valid until 3/5/2025

- - - -

UBPP Logam Mulia, Jakarta

- - - IUP Operasi Produksi Khusus

untuk Pengolahan dan Pemurnian Mineral sesuai SK

Menteri ESDM No. 261.K/30/DJB/2011

- - - -

Ds. Bantar Karet, Kec. Nanggung, Bogor, Jawa Barat/

West Java

KW 98PP0138 6,047 - SK Kepala BKPM RI No.

171/I/IUP/PMDN/2020 Tahun/Year 2020 (98PP0138)

berlaku sampai dengan/

685 6 1,606 1,123

Ciarinem, Papandayan Garut, Jawa Barat/

West Java

- 4,513 - SK Kepala Badan Koordinasi

Penanaman Modal No. 256/I/IUP/PMDN//2019

valid until 14/11/2027 - 2,873 3,079 1,103 Desa Wotgalih, Kec. Yosowilangun, Kec. Lumajang, Jawa Timur/ East Java**

- 462 - SK Bupati Lumajang No.

188.45/225/427.12/2011 berlaku sampai dengan/

valid until 23/7/2020** - - - - Mempawah Hulu, Landak, Kalimantan Barat/ West Kalimantan MPH/MSL/SMP-PROD02.14

20,710 - SK Bupati Landak No.

544.11/330/HK-2014 berlaku sampai dengan/

valid until 16/12/2034 5,540 14,420 20,900 18,510 Toho, Mempawah, Pontianak, Kalimantan Barat/ West Kalimantan - 12,630 - SK Bupati Pontianak No. 221 Tahun/Year 2009 berlaku sampai dengan/

valid until 1/7/2028 7,190 9,480 17,170 9,200 Toho, Mempawah, Pontianak, Kalimantan Barat/ West Kalimantan - 2,374 - SK Gubernur

Kalimantan Barat No. 444/Distamben/2015 berlaku sampai dengan/

valid until 4/3/2035 - - - - Tayan, Sanggau, Kalimantan Barat/ West Kalimantan KW 98PPO183 34,360 - SK BKPM RI No. 241/1/IUP/PMDN/2021 berlaku sampai dengan/valid until 5/7/2030

8,750 33,090 69,310 86,550

Lasolo, Konawe Utara, Sulawesi Tenggara/

Southeast Sulawesi

KW 99STP057a 6,213 - SK Bupati Konawe Utara

No. 15 Tahun/Year 2010 berlaku sampai dengan/

17,340 23,540 50,500 35,440

Asera dan/and Molawe, Konawe Utara, Sulawesi Tenggara/

KW 10 APR OP 005

16,920 - SK Bupati Konawe Utara No.

158 Tahun/Year 2010 berlaku sampai dengan/

- - - -

*) dalam proses suspensi/suspension of permits in progress **) dalam proses pelepasan/discharge of permits in progress

(24)

c. Wilayah eksplorasi dan eksploitasi (lanjutan) c. Exploration and exploitation areas

(continued)

Milik Perusahaan/Owned by the Company: Pomalaa, Kolaka, Sulawesi Tenggara/ Southeast Sulawesi WSPM 016 1,954 - SK Kepala BKPM RI No. 172/I/IUP/PMDN/2020 Tahun/Year 2020 berlaku sampai dengan/

1,930 1,710 5,250 8,890

Batu Kilat, Kolaka, Sulawesi Tenggara/

WSPM 017 878,2 - SK Kepala BKPM RI No.

175/I/IUP/PMDN/2020 Tahun/Year 2020 berlaku sampai dengan/

valid until 25/6/2030 - 410 - 1,580 Sitallo, Kolaka, Sulawesi Tenggara/ Southeast Sulawesi WSPM 015 584,3 - SK Kepala BKPM RI No. 173/I/IUP/PMDN/2020 Tahun/Year 2020 berlaku sampai dengan/

2,840 550 6,500 2,770

Maniang, Kolaka, Sulawesi Tenggara/

WSWD 003 195 - SK Bupati Kolaka No. 150

Tahun/Year 2013 berlaku sampai dengan/

valid until 28/2/2023 - - - - Tambea, Kolaka, Sulawesi Tenggara/ Southeast Sulawesi WSPM 014 2,712 - SK Kepala BKPM RI No. 174/I/IUP/PMDN/2020 Tahun/Year 2020 berlaku sampai dengan/

valid until 14/3/2034 1,780 4,920 7,130 19,220 Buli Serani, Halmahera Timur, Maluku Utara/ North Maluku KW 97PP0443 39,040 - SK BKPM RI No. 234/1/IUP/PMDN/2021 Tahun/Year 2021 berlaku sampai dengan/

valid until 20/9/2030 103,890 146,950 255,890 164,180 Oksibil, Pegunungan Bintang, Papua* - 49,740 SK Gubernur Papua No. 540/2876/SET Tahun/Year 2010 berlaku sampai dengan/

valid until 7/9/2027* - - - - - Oksibil, Pegunungan Bintang, Papua* SK No. 540/2883/SET Tahun 2010 49,830 SK BKPM RI No. 234/1/IUP/PMDN/2020 Tahun/Year 2020 berlaku sampai dengan/

- - - - -

Milik Entitas Anak/Owned by the Subsidiaries: CTSP - Mandiangin, Sarolangun, Jambi KW.97 KP. 290310 199 - SK DPMPTSP Jambi No. 185/KEP.KA.DPM-PTSP-6.1/IUPOP/IX/2019 Tahun/Year 2019 berlaku sampai dengan/

- - - -

BEST - Sebadu, Mandor, Kalimantan Barat/ West Kalimantan MJL/MDR/SmP/ SHT/SBK-PROD01.14 19,090 - SK DPMPTSP No. 503/18/IUP-OP.P/DPMPTSP-C.II/2020 berlaku sampai dengan/

- 7,960 8,820 5,850

BEI - Menjalin, Landak, Kalimantan Barat/ West Kalimantan MPH/MJL/SPK/ STH/MYK-PROD01.13 18,630 - SK DPMPTSP No. 503/16/IUP-OP.P/DPMPTSP-C.II/2019

valid until 22/4/2033 5,100 14,420 12,690 13,620 DEK - Menjalin, Landak, Kalimantan Barat/ West Kalimantan *

MJL-EKPR17.10 4,900 SK Bupati Landak

No. 544.2/313/HK-2009 (suspensi sesuai SK DMPTSP Kalbar No. 503/21/IUP-EKSPL/DPMPTSP-C.II/2020 sampai dengan/ suspended until 1/7/2021)* - - - 880 2,240 MCU - Meliau, Sanggau, Kalimantan Barat/ West Kalimantan

444/2009/SGU 10,000 - SK Gubernur Kalimantan Barat

No. 503/16/IUP-OP.P/DPMPTSP-C.11/2019

valid until 21/12/2028.

- - 17,970 17,860

(25)

c. Wilayah eksplorasi dan eksploitasi (lanjutan) c. Exploration and exploitation areas

(continued)

Milik Entitas Anak (lanjutan)/Owned by the Subsidiaries (continued): GAG - Pulau Gag,

Raja Ampat, Papua Barat/

West Papua

96PK0053 13,136 - Kontrak Karya/

Contract of Work sesuai

SK Menteri ESDM No.430.K/30/DJB/2017 berlaku sampai dengan/

10.740 58,930 24,190 90,800

CSD - Cibaliung, Pandeglang Banten

KW 96 PPO019 1,340 - SK Bupati Pandeglang No.

821.13/Kep.1351-BPPT/2014 berlaku sampai dengan/

90 41 1,052 381

GK - Mempawah Hulu dan/and Banyuke Hulu, Kalimantan Barat/

West Kalimantan

23.61.08.2. 17.2.015.059

12,184 - SK Gubernur Kalimantan Barat

573/Distamben/2015 berlaku sampai dengan/

- - - -

ICA - Tayan Hilir, Sanggau, Kalimantan Barat/

West Kalimantan

668.K/30/DJB/

2012 - - IUP Operasi Produksi Khusus untuk Pengolahan dan

Pemurnian Mineral sesuai SK Menteri ESDM No. 668.K/30/DJB/2012 berlaku sampai dengan/

valid until 20/06/2032 - - - - - - - - AJSI - Mandiodo, Konawe Utara, Sulawesi Tenggara/ Southeast Sulawesi

- 343 - IUP Operasi Produksi Khusus

Pengolahan dan Pemurnian sesuai SK Bupati Konawe Utara

AJSI - Mandiodo, Konawe Utara, Sulawesi Tenggara/

- - - IUP Operasi Produksi Khusus

Pengangkutan dan Penjualan sesuai SK Bupati Konawe Utara

valid until 21/2/2031 - - - - FHT - Buli, Maba, Maluku Utara/ North Maluku 872.K/30/DJB/ 2012

- - IUP Operasi Produksi Khusus

untuk Pengolahan dan Pemurnian Mineral sesuai SK

Menteri ESDM No. 668.K/30/DJB/2012 berlaku sampai dengan/

- - - -

Informasi terkait sumber daya mineral atau cadangan bijih (tidak diaudit) yang tercantum di dalam laporan keuangan konsolidasian ini didasarkan pada informasi yang disusun oleh Bronto Sutopo yang merupakan anggota The Australian Institute of Mining and Metallurgy (“AuSIMM”) dan Tim Competent Person ANTAM yang merupakan anggota Competent Person Indonesia (“CPI”). Tim penyusun memiliki pengalaman yang relevan untuk menjadi Competent Person sebagaimana didefinisilan dalam Joint Ore Reserves Committee (“JORC”) Code 2012 atau Kode Komite Cadangan Mineral Indonesia (“KCMI”) 2017.

The information in these consolidated financial statements that relates to mineral resources or ore reserves (unaudited) is based on information compiled by Bronto Sutopo who is a member of The Australian Institute of Mining and Metallurgy (“AuSIMM”) and ANTAM's Competent Person Team which is a member of the Competent Person Indonesia (“CPI”). The drafting team has relevant experience to become a determining CPI in the 2012 Joint Ore Reserves Committee Code (“JORC”) or the 2017 Indonesian Mineral Reserves Committee (“KCMI”) Code.

Terkait dengan jenis mineralisasi dan tipe kandungan mineral yang dilaporkannya dan aktivitas yang beliau lakukan, beliau menyetujui pengungkapan di dalam laporan keuangan konsolidasian ini atas hal-hal berdasarkan informasinya dalam bentuk dan konteks informasi tersebut ditampilkan.

Related to the reports of mineralisation and type of deposit being reported on by him and to the activity which he was undertaking, he consents to the inclusion in these consolidated financial statements of the matters based on his report of mineralisation and type of deposit reported in the form and context in which the information appeared.

(26)

Manajemen Perusahaan bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan konsolidasian ini, yang telah disetujui dan diotorisasi untuk diterbitkan oleh Direksi Perusahaan pada 27 September 2021.

The Company’s management is responsible for the preparation and fair presentation of these consolidated financial statements, which were approved and authorised for issuance by the Board of Directors of the Company on 27 September 2021.

a. Dasar penyusunan laporan keuangan

konsolidasian

a. Basis of consolidated financial statements preparation

Laporan keuangan konsolidasian Grup disusun berdasarkan Standar Akuntansi Keuangan di Indonesia dan Peraturan yang ditetapkan oleh Otoritas Jasa Keuangan (“OJK”) No. VIII.G.7 mengenai “Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik”.

The Group’s consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards and Regulation of the Financial Services Authority (“OJK”) No. VIII.G.7 concerning the “Presentation and Disclosures of Financial Statements of Issuers or Public Companies”. Laporan keuangan konsolidasian disusun

berdasarkan konsep akuntansi harga perolehan, kecuali tanah yang diukur pada jumlah yang direvaluasi dan instrumen keuangan derivatif yang diukur pada nilai wajar, serta menggunakan dasar akrual kecuali untuk laporan arus kas konsolidasian.

The consolidated financial statements have been prepared under the historical cost concept of accounting, except for land measured at its revalued amount and derivative financial instruments measured at fair value, and using the accrual basis except for the consolidated statement of cash flows. Laporan arus kas konsolidasian disusun

dengan menggunakan metode langsung dengan mengelompokkan arus kas ke dalam aktivitas operasi, investasi dan pendanaan.

The consolidated statement of cash flows is prepared based on the direct method by classifying cash flows on the basis of operating, investing, and financing activities. Kecuali dinyatakan pada Catatan 2b, kebijakan

akuntansi telah diterapkan secara konsisten dengan laporan keuangan konsolidasian untuk tahun yang berakhir 31 Desember 2020 yang telah sesuai dengan Standar Akuntansi Keuangan di Indonesia.

Except as described in Note 2b, the accounting policies applied are consistent with those of the consolidated financial statements for the year ended 31 December 2020, which conform to Indonesian Financial Accounting Standards.

Untuk memberikan pemahaman yang lebih baik atas kinerja keuangan Grup, karena sifat dan jumlahnya yang signifikan, beberapa item pendapatan dan beban telah disajikan secara terpisah.

In order to provide further understanding of the financial performance of the Group, due to the significance of their nature or amount, several items of income or expense have been shown separately.

Penyusunan laporan keuangan konsolidasian sesuai dengan Standar Akuntansi Keuangan di Indonesia mengharuskan penggunaan estimasi dan asumsi. Hal tersebut juga mengharuskan manajemen untuk membuat pertimbangan dalam proses penerapan kebijakan akuntansi Grup. Area yang kompleks atau memerlukan tingkat pertimbangan yang lebih tinggi atau area di mana asumsi dan estimasi dapat berdampak signifikan terhadap laporan keuangan konsolidasian diungkapkan di Catatan 3.

The preparation of consolidated financial statements in conformity with Indonesian Financial Accounting Standards requires the use of certain critical accounting estimates and asumptions. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 3.

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b. Perubahan pada Pernyataan Standar

Akuntansi Keuangan (“PSAK”) dan

Interpretasi Pernyataan Standar Akuntansi Keuangan (“ISAK”)

b. Changes to Statements of Financial

Accounting Standards (“SFAS”) and

Interpretations of Statements of Financial Accounting Standards (“ISFAS”)

PSAK dan ISAK lainnya Other SFAS and ISFAS

Penerapan dari standar, interpretasi, amandemen dan penyesuaian tahunan yang berlaku efektif sejak tanggal 1 Januari 2021 yang tidak menyebabkan perubahan signifikan atas kebijakan akuntansi Grup dan tidak memiliki dampak material terhadap jumlah yang dilaporkan di tahun berjalan atau tahun sebelumnya:

The adoption of the following standards, interpretations, amendments and annual improvements which are effective from 1 January 2021 did not result in substantial changes to the Group’s accounting policies and had no material effect on the amounts reported for the current or prior years:

- Amendemen PSAK 1 “Penyajian Laporan Keuangan”

- Amendment to SFAS 1 “Presentation of Financial Statements”

- Amendemen PSAK 22 “Kombinasi Bisnis” - Amendment to SFAS 22 “Business Combination”

- Amandemen PSAK 55 "Instrumen Keuangan: Pengakuan dan Pengukuran“, PSAK 60 “Instrumen Keuangan: Pengungkapan”, PSAK 62 “Kontrak Asuransi”, PSAK 71 “Instrumen Keuangan” dan PSAK 73 “Sewa” tentang Reformasi Acuan Suku Bunga

- Amendments to SFAS 55 “Financial Instruments: Recognition and Measurement”, SFAS 60 “Financial Instruments: Disclosure”, SFAS 62 “Insurance Contracts”, SFAS 71 “Financial Instruments” and SFAS 73 “Leases” concerning Interest Rate Benchmark Reform - Penyesuaian Tahunan PSAK 1 “Penyajian

Laporan Keuangan” - Annual “Presentation of Financial Statements” Improvement to SFAS 1 - Penyesuaian Tahunan PSAK 13 “Properti

Investasi”, PSAK 48 “Penurunan Nilai Aset”, PSAK 66 “Pengaturan Bersama” dan ISAK 16 “Perjanjian Konsesi Jasa”

- Annual Improvement to SFAS 13 “Investment Property”, SFAS 48 “Impairment of Assets”, SFAS 66 “Joint Arrangement” and ISFAS 16 “Service Concession Arrangement”

Standar baru dan amendemen yang telah diterbitkan, namun belum berlaku efektif untuk tahun buku yang dimulai pada tanggal 1 Januari 2021 adalah sebagai berikut:

New standards and amendments issued but not yet effective for financial years beginning 1 January 2021 are as follows:

Efektif 1 Januari 2022 Effective 1 January 2022

- Amendemen PSAK 22 “Bisnis Kombinasi” - Amendment to SFAS 22 “Business Combinations”

- Amendemen PSAK 57 “Provisi, Liabilitas Kontinjensi, dan Aset Kontinjensi” tentang Kontrak Memberatkan – Biaya Memenuhi Kontrak

- Amendment to SFAS 57 “Provisions, Contingent Liabilities, and Contingent Assets” on Onerous Contracts – Costs to Fulfill the Contract

- Penyesuaian tahunan atas PSAK 71

“Instrumen Keuangan” dan PSAK 73 “Sewa” - Annual improvements on SFAS 71 “Financial Instruments” and SFAS 73 “Leases”

- Amandemen PSAK 1 “Penyajian Laporan

Keuangan” - Amendment to SFAS 1 “Presentation of Financial Statements”

- Amandemen PSAK 16 “Aset Tetap” - Amendment to SFAS 16 “Fixed Assets”

- PSAK 74 “Kontrak Asuransi” - SFAS 74 “Insurance Contracts”

Pada tanggal penerbitan laporan keuangan konsolidasian ini, Grup sedang mempelajari dampak yang mungkin timbul dari penerapan standar baru dan amandemen terhadap laporan keuangan konsolidasian Grup.

As at the issuance date of these consolidated financial statements, the Group is evaluating the potential impact of these new standards and amendments on the Group’s consolidated financial statements.

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c. Prinsip-prinsip konsolidasi c. Principles of consolidation

Entitas anak Subsidiaries

Entitas anak adalah seluruh entitas dimana Grup memiliki pengendalian. Grup mengendalikan entitas lain ketika Grup terekspos atas, atau memiliki hak untuk, pengembalian yang bervariasi dari keterlibatannya dengan entitas dan memiliki kemampuan untuk mempengaruhi pengembalian tersebut melalui kekuasaannya atas entitas tersebut. Entitas anak dikonsolidasikan secara penuh sejak tanggal dimana pengendalian dialihkan kepada Grup. Entitas anak tidak dikonsolidasikan lagi sejak tanggal dimana Grup kehilangan pengendalian.

Subsidiaries are all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date on which that control ceases.

Grup menerapkan metode akuisisi untuk mencatat kombinasi bisnis. Imbalan yang dialihkan untuk akuisisi suatu entitas anak adalah sebesar nilai wajar aset yang dialihkan, liabilitas yang diakui terhadap pemilik pihak yang diakusisi sebelumnya dan kepentingan ekuitas yang diterbitkan oleh Grup. Imbalan yang dialihkan termasuk nilai wajar aset atau liabilitas yang timbul dari kesepakatan imbalan kontinjensi. Aset teridentifikasi yang diperoleh dan liabilitas serta liabilitas kontinjensi yang diambil alih dalam suatu kombinasi bisnis diukur pada awalnya sebesar nilai wajar pada tanggal akuisisi.

The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.

Grup mengakui kepentingan nonpengendali pada pihak yang diakuisisi untuk setiap akuisisi yang dilakukan baik sebesar nilai wajar atau sebesar bagian proporsional kepentingan nonpengendali atas aset neto pihak yang diakuisisi. Kepentingan nonpengendali disajikan di ekuitas dalam laporan posisi keuangan konsolidasian, terpisah dari ekuitas pemilik entitas induk.

The Group recognises any non-controlling interest in the acquiree on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets. Non-controlling interest is reported as equity in the consolidated statement of financial position, separate from the owner of the parent’s equity.

Selisih lebih imbalan yang dialihkan, jumlah kepentingan nonpengendali pada pihak yang diakuisisi serta nilai wajar pada tanggal akuisisi kepentingan ekuitas sebelumnya dimiliki pihak pengakuisisi atas nilai wajar aset teridentifikasi yang diakuisisi dicatat sebagai goodwill. Jika jumlah tersebut lebih rendah dari nilai wajar atas aset bersih teridentifikasi dari bisnis yang diakuisisi dan pengukuran atas seluruh jumlah tersebut telah ditelaah, dalam hal pembelian dengan diskon, selisih tersebut diakui langsung ke dalam laba rugi.

The excess of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the identifiable net assets acquired are recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired and the measurement of all amounts has been reviewed, in the case of a bargain purchase, the difference is recognised directly in profit or loss.